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Jroge107
Aug 6, 2017 5:52 AM

AUDUSD - Swing Trade Setup  Long

Australian Dollar/U.S. DollarFXCM

Description

Currently speaking i am looking for AU to retest structure highs of around .77 before i will start to looking to add long positions into a swing trade. If price respects the monthly pivot (shown in the green arrows) and goes for a retest of R1, i believe we will see a break of 2015 structure highs and continue up to around the monthly R2 level (also shown with the green arrows). Chart i am using is 3 line break on a daily timeframe.
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